Company Valuation: State Bank of India

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,404,742 4,674,266 6,714,432 6,885,338 9,040,467 9,624,765 - -
Change - 6.12% 43.65% 2.55% 31.3% 6.46% - -
Enterprise Value (EV) 4,404,742 4,674,266 6,714,432 6,885,338 9,040,467 9,624,765 9,624,765 9,624,765
Change - 6.12% 43.65% 2.55% 31.3% 6.46% 0% 0%
P/E 13.9x 9.3x 11x 9.71x 11.2x 11.6x 10.2x 9.29x
PBR 1.57x 1.43x 1.78x 1.56x 1.66x 1.62x 1.44x 1.28x
PEG - 0.2x 0.5x 0.6x 1.1x 4.6x 0.8x 0.9x
Capitalization / Revenue 2.73x 2.58x 3.17x 3.01x 3.74x 3.59x 3.18x 2.84x
EV / Revenue 0x 0x 0x 0x 0x 3.59x 3.18x 2.84x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 7.21x 6.23x 5.46x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 7.1 11.3 13.7 15.9 17.35 18.02 20.06 21.08
Rate of return 1.44% 2.16% 1.82% 2.06% 1.77% 1.73% 1.92% 2.02%
EPS 2 35.49 56.29 68.44 79.44 87.59 89.8 101.8 112.3
Distribution rate 20% 20.1% 20% 20% 19.8% 20.1% 19.7% 18.8%
Net sales 1 1,612,715 1,814,561 2,115,580 2,286,482 2,419,708 2,683,097 3,030,654 3,391,403
EBITDA - - - - - - - -
EBIT 1 752,924 837,130 937,972 1,105,792 1,184,220 1,335,310 1,545,948 1,761,961
Net income 1 316,760 502,324 610,766 709,006 800,320 827,491 940,061 1,046,599
Net Debt - - - - - - - -
Reference price 2 493.55 523.75 752.35 771.50 979.40 1,042.70 1,042.70 1,042.70
Nbr of stocks (in thousands) 8,924,612 8,924,612 8,924,612 8,924,612 9,230,618 9,230,618 - -
Announcement Date 5/13/22 5/18/23 5/9/24 5/3/25 5/8/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.2x - - 1.76% 950B
13.44x - - 1.88% 440B
6.06x - - 5.11% 386B
13.16x - - 3.99% 365B
5.8x - - 5.25% 304B
18.47x - - 2.31% 290B
6.1x - - 5.15% 263B
12.1x - - 2.16% 267B
14.07x - - 2.82% 248B
Average 11.49x 3.38% 390.42B
Weighted average by Cap. 11.95x 3.08%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. SBIN Stock
  4. SBIN Stock
  5. Valuation State Bank of India